how does MSP helps in food security in India
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Minimum Support Price is the pre-fixed/announced price for the crop that is declared every year by the government to the farmers before the sowing season to provide incentives(payment/insurance for crop) for raising the production of crop
The advantages are :-
1. It improves the economic condition of the farmer
2. It encourages crop growth of the specific type in need by the government
3. It ensures a market crop failure by the purchase of government
4. The buffer-stock increases as the crop is purchased through MSP
The advantages are :-
1. It improves the economic condition of the farmer
2. It encourages crop growth of the specific type in need by the government
3. It ensures a market crop failure by the purchase of government
4. The buffer-stock increases as the crop is purchased through MSP
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